PHOSCO LTD — Capital/Financing Update 2013

Jun 3, 2013

ASX Announcement

4 June 2013

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ACN 139 225 771 ABN 82 139 255 771

Disclosure under ASX LR 3.10.5A and 7.1A.4(b)

Level 4, 100 Albert Road South Melbourne VIC 3205

Phone: +61 (0)3 9692 7222 Fax: +61 (0)3 9077 9233 Email: info@celamin.com

Board of Directors

Andrew Thomson, Non-Exec Chairman David Regan, Managing Director Russell Luxford, Executive Director Martin Broome, Non-Exec Director Gary Scanlan, Non-Exec Director

Celamin Holdings NL (ASX: “CNL” or “Celamin”) would like to provide the following information in accordance with Listing Rules 7.1A.4(b) and 3.10.5A with reference to the Appendix 3B lodged by the Company on this day.

• (a) Details of the dilution to existing holders of ordinary securities caused by the issue:

The Company issued a total of 9,966,667 fully paid ordinary shares under Listing Rule 7.1.A. The amount of shares issued under Listing Rule 7.1.A resulted in the following dilution to existing holders of ordinary securities:

• Number of fully paid ordinary shares on issue prior to 7.1.A securities issued was 178,705,319.

• Number of fully paid ordinary shares on issue following this issue is 188,671,986.

Company Secretary

• Percentage of voting dilution post the issue: 5.29%

Melanie Leydin

Securities on Issue

CNL: 188,671,986 ordinary shares

CNLOA: 75,984,913 options expiring 28 June 2013

CNLO: 25,358,026 options expiring 31 March 2014

CNLCA: 14,887,796 partly paid shares

• (b) The issue of fully paid ordinary shares through this capital raising was considered to be the most efficient and reliable method for raising the funds required to progress the Company’s Chaketma project and provide working capital to the Company. Celamin also considered that there was significant benefit in introducing a new cornerstone investor.

• (c) No underwriting arrangements were entered into.

• (d) A capital raising fee of $14,950 will be paid in relation to this raising.

For further information or enquiries, please contact David Regan, Managing Director of Celamin Holdings NL.

About Celamin Holdings NL

Celamin and local partner Tunisian Mining Services SARL continue to advance the Chaketma Phosphate Project in Tunisia.

Positive Scoping Study results were announced on 14 August 2012.The Study emphasised the need to identify areas of high-grade phosphate with good metallurgical properties at low strip ratio. As such, drilling activity continued to focus on the northern end of the Kef El Louz prospect – the largest of six prospects within the exploration concession. Mapping, trenching and drilling at the north-western corner of the Kef El Louz prospect has confirmed that this area has the potential to meet grade, as well as metallurgical and strip ratio criteria. A maiden JORC Inferred Resource was announced for the Kef El Louz prospect on 9 November 2012. The next phase of work focuses on the completion of a Bankable Feasibility Study.